Opinion
641 MAL 2021
04-26-2022
MIMI INVESTORS, LLC, Respondent v. PAUL K. TUFANO, DAVID CROCKER, DENNIS CRONIN, AND NEIL MATHESON, Petitioners
ORDER
PER CURIAM
AND NOW, this 26th day of April, 2022, the Petition for Allowance of Appeal is GRANTED, LIMITED TO the issue set forth below. Allocatur is DENIED as to all remaining issues. The issue, rephrased for clarity, is:
(1) Whether the Pennsylvania Securities Act of 1972 requires a plaintiff to plead and prove scienter by clear and convincing evidence in connection with an alleged violation of 70 P.L. § 1-401 regulating the purchase and sale of securities in the Commonwealth, and if so, did plaintiff-appellee sufficiently plead its fraud-based claims in its first amended complaint[?]